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Australia Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at the record low 1.50 percent. Australia also will see Q3 figures…

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Oil Futures End Sharply Higher

Crude oil prices rose sharply on Monday amid easing trade tensions after the U.S. and China agreed to a 90-day truce on their escalating trade war during the meeting of the presidents of the two countries in Argentina over the weekend. While the U.S. President promised to suspend new tariffs on Chinese products after January…

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Dollar Trading Mixed After G20 Agreement

The dollar is turning in a mixed performance against its major rivals Monday afternoon. President Trump and Chinese President Xi Jinping agreed to a 90-day truce in the escalating trade war between the two countries over the weekend. The news sparked a rally in global equities, but has had less of an impact on the…

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Gold Futures Settle At Over 1-month High

Gold prices climbed to over three-week high on Monday, lifted by a weak U.S. dollar after the U.S. and China agreed to a 90-day truce on their escalating trade war during a weekend meeting between the presidents of the two countries in Argentina. The U.S. President Donald Trump agreed to hold off on his threat…

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U.S. Construction Spending Unexpectedly Edges Lower In October

With a drop in spending on private construction more than offsetting an increase in spending on public construction, the Commerce Department released a report on Monday showing an unexpected dip in U.S. construction spending in the month of October. The Commerce Department said construction spending edged down by 0.1 percent to an annual rate of…

Fx Primus Rebates

U.S. Construction Spending Unexpectedly Dips 0.1% In October

With a drop in spending on private construction more than offsetting an increase in spending on public construction, the Commerce Department released a report on Monday showing an unexpected dip in U.S. construction spending in the month of October. The Commerce Department said construction spending edged down by 0.1 percent to an annual rate of…